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GST RELIEF FOR INSURANCE
Resilient, not shock-free: India charts path through war jittersIndia's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong ...06 May, 2026, 12.36 PM IST- IMEC momentum to boost Karnataka exports amid global trade disruptionsBengaluru exporters are poised to thrive as the India-Middle East-Europe Economic Corridor gains traction. This innovative route presents a...30 Apr, 2026, 01.42 PM IST
- Out-of-pocket costs still dominate hospitalisation spend despite wider insurance coverage: NSO surveyHealth insurance coverage has grown significantly in India. However, patients continue to pay most hospitalisation bills themselves. Rural ...27 Apr, 2026, 06.02 PM IST
- Life insurers log 16% premium growth in FY26 on GST relief, shift to high-margin productsIndia’s life insurance industry recorded a 16% rise in new business premiums to ₹4.59 lakh crore in FY26, driven by GST exemption benefits,...22 Apr, 2026, 12.55 AM IST
- Bombay HC stays GST demands on co-insurance premiumsThe Bombay High Court has granted interim relief to several insurance companies by staying GST demands on co-insurance premiums and ceding ...24 Jan, 2026, 10.55 AM IST
- Bombay High Court stay brings GST relief to over a dozen insurersThe Bombay High Court has provided interim relief to over a dozen insurance companies. A significant GST demand and associated penalties am...23 Jan, 2026, 06.54 PM IST
- Government’s landmark GST reform fuels all-time high demand for health and term insurance on PolicybazaarPolicybazaar witnessed its highest-ever traffic for health and term insurance following the government's 0% GST announcement. Demand surged...14 Oct, 2025, 05.10 PM IST
- GST 2.0: Insurers cut payouts to distributorsLife insurers face a similar squeeze. The industry paid about ?24,000 crore in GST in FY24, offset by ? 14,000 crore of ITC. With credits n...04 Oct, 2025, 12.35 AM IST
- General insurers push for GST relief on health commissionsGeneral and life insurers are seeking GST relief from the finance ministry on commissions for health and life insurance products. They argu...12 Sep, 2025, 12.33 AM IST
- GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? Why it may not be a good ideaThe Goods and Services Tax (GST) Council has reduced insurance GST rates from 18% to zero. This change applies to policy renewals after Sep...04 Sep, 2025, 10.19 PM IST
- Government may scrap GST on health, life insurance under GST 2.0 reformsThe GST Council is considering exempting health and life insurance premiums for individuals, potentially leading to significant relief for ...21 Aug, 2025, 06.05 PM IST
- Insurance stocks in focus as GoM proposes to exempt GST on premiumsInsurance stocks like SBI Life and HDFC Life will be in focus after a GoM proposed exempting GST on individual health and life insurance pr...21 Aug, 2025, 08.25 AM IST
- India's non-life Insurance industry may register double-digit growth in 2025Non-life insurers in India expect double-digit growth in 2025. Key drivers include a conducive regulatory environment and innovative produc...02 Jan, 2025, 01.05 PM IST
- Health insurance tax relief coming soon? GST Council may consider lowering tax rates on insurance in December meetingThe GST Council is likely to consider lowering the tax rate on certain insurance plans, including potentially eliminating the 18% tax on te...12 Nov, 2024, 11.09 AM IST
- GST cut on health insurance, life insurance: Your insurance premium likely to drop soon but by how much?A group of ministers (GoM) tasked by the Goods and Services Tax (GST) Council to oversee rate rationalisation, is considering lowering the ...24 Oct, 2024, 02.38 PM IST
- GST on term life insurance premium, senior citizen's health coverage likely to be exemptThe Group of Ministers (GoM) is likely to recommend exempting Goods and Services Tax (GST) on term life insurance premiums and health insur...19 Oct, 2024, 05.31 PM IST
- GST Council, look beyond housekeepin'The GST Council is working on tweaking tax rates and addressing exemptions, with a focus on insurance policy premiums. They aim to balance ...10 Sep, 2024, 11.14 PM IST
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